Malcolm Baker

25.8k total citations · 8 hit papers
83 papers, 15.4k citations indexed

About

Malcolm Baker is a scholar working on Finance, Accounting and Economics and Econometrics. According to data from OpenAlex, Malcolm Baker has authored 83 papers receiving a total of 15.4k indexed citations (citations by other indexed papers that have themselves been cited), including 68 papers in Finance, 55 papers in Accounting and 39 papers in Economics and Econometrics. Recurrent topics in Malcolm Baker's work include Financial Markets and Investment Strategies (60 papers), Corporate Finance and Governance (47 papers) and Housing Market and Economics (18 papers). Malcolm Baker is often cited by papers focused on Financial Markets and Investment Strategies (60 papers), Corporate Finance and Governance (47 papers) and Housing Market and Economics (18 papers). Malcolm Baker collaborates with scholars based in United States, United Kingdom and Belgium. Malcolm Baker's co-authors include Jeffrey Wurgler, Jeremy C. Stein, Paul A. Gompers, Brendan Bradley, Robin Greenwood, Xin Pan, Jessica A. Wachter, Lubomir P. Litov, Ryan Taliaferro and C. Fritz Foley and has published in prestigious journals such as The Journal of Finance, Journal of Financial Economics and American Economic Review.

In The Last Decade

Malcolm Baker

79 papers receiving 14.3k citations

Hit Papers

Investor Sentiment and the Cross‐Section of Stock Returns 2000 2026 2008 2017 2006 2002 2004 2004 2003 1000 2.0k 3.0k 4.0k
What are hit papers?

Hit papers significantly outperform the citation benchmark for their cohort. A paper qualifies if it has ≥500 total citations, achieves ≥1.5× the top-1% citation threshold for papers in the same subfield and year (this is the minimum needed to enter the top 1%, not the average within it), or reaches the top citation threshold in at least one of its specific research topics.

  1. Investor Sentiment and the Cross‐Section of Stock Returns
    2006 4.1k citations Malcolm Baker, Jeffrey Wurgler The Journal of Finance profile →
  2. Market Timing and Capital Structure
    2002 2.4k citations Malcolm Baker, Jeffrey Wurgler The Journal of Finance profile →
  3. A Catering Theory of Dividends
    2004 902 citations Malcolm Baker, Jeffrey Wurgler The Journal of Finance profile →
  4. Market liquidity as a sentiment indicator
    2004 886 citations Malcolm Baker, Jeremy C. Stein profile →
  5. Investor Sentiment and the Cross-section of Stock Returns
    2003 871 citations Malcolm Baker, Jeffrey Wurgler SSRN Electronic Journal profile →
  6. The Equity Share in New Issues and Aggregate Stock Returns
    2000 801 citations Malcolm Baker, Jeffrey Wurgler The Journal of Finance profile →
  7. Benchmarks as Limits to Arbitrage: Understanding the Low Volatility Anomaly
    2010 514 citations Jeffrey Wurgler, Brendan Bradley et al. The Faculty Digital Archive (New York University) profile →
  8. The Pricing and Ownership of US Green Bonds
    2022 172 citations Malcolm Baker, Daniel Bergstresser et al. profile →

Peers — A (Enhanced Table)

Peers by citation overlap · career bar shows stage (early→late) cites · hero ref

Name h Career Trend Papers Cites
Malcolm Baker United States 36 11.3k 9.7k 6.4k 2.8k 1.8k 83 15.4k
Jeffrey Wurgler United States 33 12.7k 1.1× 10.9k 1.1× 7.3k 1.1× 3.1k 1.1× 1.6k 0.9× 72 17.4k
Mark Grinblatt United States 35 11.8k 1.0× 9.2k 0.9× 6.1k 1.0× 1.6k 0.6× 1.4k 0.8× 85 14.3k
Mark M. Carhart United States 9 12.5k 1.1× 8.8k 0.9× 6.2k 1.0× 2.2k 0.8× 1.4k 0.8× 10 14.5k
Charles M.C. Lee United States 51 16.1k 1.4× 13.8k 1.4× 6.8k 1.1× 4.3k 1.6× 2.4k 1.3× 122 20.2k
Harrison Hong United States 44 11.4k 1.0× 9.9k 1.0× 7.1k 1.1× 3.0k 1.1× 1.1k 0.6× 111 16.6k
Hayne E. Leland United States 36 10.9k 1.0× 10.0k 1.0× 6.8k 1.1× 3.3k 1.2× 1.2k 0.7× 74 17.5k
Yakov Amihud United States 46 16.8k 1.5× 13.2k 1.4× 8.4k 1.3× 3.5k 1.3× 1.8k 1.0× 123 21.7k
Josef Lakonishok United States 55 15.8k 1.4× 11.7k 1.2× 8.3k 1.3× 3.6k 1.3× 2.6k 1.5× 94 19.6k
Tobias J. Moskowitz United States 37 8.9k 0.8× 5.1k 0.5× 6.2k 1.0× 1.1k 0.4× 1.5k 0.9× 81 11.2k
Ľuboš Pástor United States 42 12.3k 1.1× 7.2k 0.7× 9.3k 1.5× 2.6k 0.9× 1.1k 0.6× 92 16.7k

Countries citing papers authored by Malcolm Baker

Since Specialization
Citations

This map shows the geographic impact of Malcolm Baker's research. It shows the number of citations coming from papers published by authors working in each country. You can also color the map by specialization and compare the number of citations received by Malcolm Baker with the expected number of citations based on a country's size and research output (numbers larger than one mean the country cites Malcolm Baker more than expected).

Fields of papers citing papers by Malcolm Baker

Since Specialization
Physical SciencesHealth SciencesLife SciencesSocial Sciences

This network shows the impact of papers produced by Malcolm Baker. Nodes represent research fields, and links connect fields that are likely to share authors. Colored nodes show fields that tend to cite the papers produced by Malcolm Baker. The network helps show where Malcolm Baker may publish in the future.

Co-authorship network of co-authors of Malcolm Baker

This figure shows the co-authorship network connecting the top 25 collaborators of Malcolm Baker. A scholar is included among the top collaborators of Malcolm Baker based on the total number of citations received by their joint publications. Widths of edges represent the number of papers authors have co-authored together. Node borders signify the number of papers an author published with Malcolm Baker. Malcolm Baker is excluded from the visualization to improve readability, since they are connected to all nodes in the network.

All Works

20 of 20 papers shown
1.
Baker, Malcolm, et al.. (2019). Leverage and the Beta Anomaly. Journal of Financial and Quantitative Analysis. 55(5). 1491–1514. 19 indexed citations
2.
Baker, Malcolm, Daniel Bergstresser, George Serafeim, & Jeffrey Wurgler. (2018). The Pricing and Ownership of U.S. Green Bonds. SSRN Electronic Journal. 5 indexed citations
3.
Baker, Malcolm, Ryan Taliaferro, & Terence C. Burnham. (2017). Optimal Tilts: Combining Persistent Characteristic Portfolios. Financial Analysts Journal. 73(4). 75–89. 3 indexed citations
4.
Baker, Malcolm. (2016). Risk Neglect in Equity Markets. The Journal of Portfolio Management. 42(3). 12–25. 3 indexed citations
5.
Wurgler, Jeffrey, Malcolm Baker, & Ryan Taliaferro. (2011). Predictive regressions based on managerial decision variables: Is therea small-sample bias?. SSRN Electronic Journal. 1 indexed citations
6.
Wurgler, Jeffrey, Brendan Bradley, & Malcolm Baker. (2010). Benchmarks as Limits to Arbitrage: Understanding the Low Volatility Anomaly. The Faculty Digital Archive (New York University). 514 indexed citations breakdown →
7.
Wurgler, Jeffrey, Brendan Bradley, & Malcolm Baker. (2010). A Behavioral Finance Explanation for the Success of Low Volatility Portfolios. The Faculty Digital Archive (New York University). 1 indexed citations
8.
Baker, Malcolm, Brendan Bradley, & Jeffrey Wurgler. (2010). Benchmarks as Limits to Arbitrage: Understanding the Low-Volatility Anomaly. Financial Analysts Journal. 67(1). 40–54. 111 indexed citations
9.
Baker, Malcolm, et al.. (2009). Global, Local, and Contagious Investor Sentiment. Federal Reserve Bank of Dallas, Globalization and Monetary Policy Institute Working Papers. 2009(37). 9 indexed citations
10.
Baker, Malcolm, Robin Greenwood, & Jeffrey Wurgler. (2009). Catering through Nominal Share Prices. The Journal of Finance. 64(6). 2559–2590. 158 indexed citations
11.
Baker, Malcolm & Yuhai Xuan. (2008). Under New Management: Equity Issues and the Attribution of Past Returns. SSRN Electronic Journal. 2 indexed citations
12.
Baker, Malcolm, et al.. (2007). Behavioral Finance at JP Morgan. 10. 87–9. 1 indexed citations
13.
Baker, Malcolm & Jeffrey Wurgler. (2007). Investor Sentiment in the Stock Market. SSRN Electronic Journal. 287 indexed citations
14.
Baker, Malcolm, Ryan Taliaferro, & Jeffrey Wurgler. (2006). Predicting Returns with Managerial Decision Variables: Is There a Small‐Sample Bias?. The Journal of Finance. 61(4). 1711–1730. 56 indexed citations
15.
Baker, Malcolm & Jeffrey Wurgler. (2006). Investor Sentiment and the Cross‐Section of Stock Returns. The Journal of Finance. 61(4). 1645–1680. 4137 indexed citations breakdown →
16.
Baker, Malcolm, Ryan Taliaferro, & Jeffrey Wurgler. (2004). Pseudo Market Timing and Predictive Regressions. The Faculty Digital Archive (New York University). 1 indexed citations
17.
Baker, Malcolm, Robin Greenwood, & Jeffrey Wurgler. (2003). The maturity of debt issues and predictable variation in bond returns. Journal of Financial Economics. 70(2). 261–291. 225 indexed citations
18.
Baker, Malcolm, Jeremy C. Stein, & Jeffrey Wurgler. (2002). When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms. SSRN Electronic Journal. 358 indexed citations
19.
Baker, Malcolm, Robin Greenwood, & Jeffrey Wurgler. (2001). Do firms borrow at the lowest-cost maturity? The long-term share in debt issues and predictable variation in bond returns. The Faculty Digital Archive (New York University). 3 indexed citations
20.
Baker, Malcolm & Jeffrey Wurgler. (2001). Market Timing and Capital Structure. SSRN Electronic Journal. 323 indexed citations

Rankless uses publication and citation data sourced from OpenAlex, an open and comprehensive bibliographic database. While OpenAlex provides broad and valuable coverage of the global research landscape, it—like all bibliographic datasets—has inherent limitations. These include incomplete records, variations in author disambiguation, differences in journal indexing, and delays in data updates. As a result, some metrics and network relationships displayed in Rankless may not fully capture the entirety of a scholar's output or impact.

Explore authors with similar magnitude of impact

Breakdown of academic impact, for papers by Jeffrey Wurgler Breakdown of academic impact, for papers by Mark Grinblatt Breakdown of academic impact, for papers by Mark M. Carhart Breakdown of academic impact, for papers by Charles M.C. Lee Breakdown of academic impact, for papers by Harrison Hong Breakdown of academic impact, for papers by Hayne E. Leland Breakdown of academic impact, for papers by Yakov Amihud Breakdown of academic impact, for papers by Josef Lakonishok Breakdown of academic impact, for papers by Tobias J. Moskowitz Breakdown of academic impact, for papers by Ľuboš Pástor
Rankless by CCL
2026